Analysts at JP Morgan forecast that Brent oil prices could drop to $30 per barrel by 2027 due to an oversupply in the market, Oilprice reports.
Since the beginning of the year, Brent has fallen by 14% and was trading around $62.59 per barrel early Monday. The market is currently awaiting updates on renewed peace negotiations regarding Ukraine.
The United States and Ukraine held “highly productive” talks in Geneva and agreed to continue working on a refined peace plan that Washington proposed last week.
For now, despite concerns about oversupply, analysts and investment banks do not expect oil prices to fall below $40 in the near term, although the market may temporarily decline due to large supply volumes from OPEC+ and non-OPEC producers, especially from the United States.
Peace in Ukraine could also affect energy prices, as some sanctions against Russia may be eased.
According to Goldman Sachs, oil prices will continue to decline next year due to excess supply. U.S. WTI Crude could average $53 per barrel in 2026. Investors are already receiving signals to take short positions in oil, said Daan Struyven, co-head of global commodities research at Goldman Sachs.
The investment bank forecasts that oil prices will continue to fall next year, and investors should now bet on further declines.
Analysts predict that the oversupply in 2026 will be about 2 million barrels per day, while 2026 will be the last year of the major supply wave. The oil market is expected to stabilize in 2027.
Turkey and Azerbaijan have signed a long-term gas agreement for a period of 15 years, under which Ankara will receive 2.25 billion cubic meters of gas annually from the Absheron field. This was announced by Turkey’s Minister of Energy and Natural Resources, Alparslan Bayraktar, Haber 7 reported. The new agreement with Azerbaijan covers a total […]
In January–November 2025, Ukrainian steelmakers increased imports of coke and semi-coke by 3.2% year on year to 642.8 thousand tonnes. Almost the entire volume was supplied by Poland, accounting for 94%, GMK Center reported, citing its own calculations based on data from the State Customs Service. Last year, Ukraine imported 602.01 thousand tonnes of coke […]
In December 2025, nearly UAH 20 billion was credited to the National Bank of Ukraine’s (NBU) special account to support the defense forces, bringing the total for the year to almost UAH 97 billion in equivalent terms. More than UAH 88 billion was transferred to defense needs over the year, the NBU reported. Overall, since […]
Washington will be able to recover all — or even “more than all” — of the money spent on Ukraine during the Biden administration, U.S. President Donald Trump said while speaking to reporters. According to him, the war in Ukraine currently costs the United States nothing, and Washington is instead making money from it. “What’s […]
Automaker Tesla has lost its title as the world’s leading seller of electric vehicles, уступing it to China’s BYD, Bloomberg reports. In 2025, Tesla’s vehicle deliveries fell by 8.6%, while fourth-quarter sales dropped by 16% to 418,227 units. By contrast, BYD delivered 4.6 million vehicles last year, up 7.7% from 2024. Nearly 2.26 million of […]
Компанія Disney виплатить 10 млн доларів штрафу у справі про порушення федерального законодавства США щодо захисту персональних даних дітей. Про це повідомляє Міністерство юстиції США. Зазначається, що Федеральний суд США схвалив мирову угоду у справі проти підрозділів Disney Worldwide Services та Disney Entertainment Operations. У позові стверджувалося, що компанія неправильно позначала деякі свої відео на YouTube, ставлячи їх […]
Tankers carrying nearly 2.2 million barrels of Russia’s Urals crude are already en route to Reliance, India’s largest oil refinery, Bloomberg reports. India’s Reliance Industries Ltd. has resumed purchases of Russian oil after U.S. President Donald Trump imposed sanctions on Russia’s крупнейших oil companies. Vessels loaded with almost 2.2 million barrels of Urals crude are […]
Precious metals began 2026 on a stronger note amid expectations of U.S. interest rate cuts and persistent global risks, Reuters reports. Spot gold rose 1.7% to $4,387.58 per ounce after declining at the end of 2025. U.S. gold futures for February delivery gained 1.3% to trade at $4,399.20 per ounce. Analysts link the gains to […]
Shares of PayPal, increased up to 70.7% since the beginning of the year, continued to rise after the announcement of the financial results of the 2nd quarter which ended on June 30. This is not surprising given the growth of digital payments against the background of the global pandemic COVID-19. “The world has moved into […]
Next
Lauffer Group plans to increase investment in its bakeries in Kharkiv to 10 million UAH, – writes the press service of the company. According to the head of the business Lauffer Group in Kharkov, Bogdan Alexandrov, in 2015 the company invested in Kharkiv bakeries 4 million UAH. “Re-equipment of the production was carried out in […]
Next
The National Commission for Energy and Utilities has revoked the license of Donetskoblgaz, Ukrinform reports. “To revoke the license of PJSC Donetskoblgaz for the right to conduct economic activity in the distribution of natural, oil and gas (methane) coal deposits, issued in accordance with the resolution of the National Electricity Regulatory Commission of Ukraine,” the […]
Next
Facebook founder and CEO Mark Zuckerberg is considering how to reduce the amount of political content in the social media news feed. “People don’t want politics and the struggle to dominate while using the social network,” Zuckerberg said. According to him, the company will forever stop the recommendations of groups dealing with political issues. Earlier, […]
Next
Discounts on Russian Urals crude in Indian ports have tripled compared to August and now stand at $5–6 per barrel below dated Brent. This comes as a result of tightened U.S. sanctions, which have prompted key buyers to start refusing Russian oil. Reuters reported this, citing three industry sources. In October, Washington strengthened restrictions against […]
Next
The net profit of the German automaker Bayerische Motoren Werke AG (BMW) for January-September 2020 decreased almost 1.7 times year on year and amounted to 2.11 billion euros. Adjusted earnings per share were € 3.2 against € 5.37 a year earlier. Annual revenue decreased by 7.1% to last year’s level – to 69.508 billion euros. […]
Next
Hungary has blocked the adoption of a potential EU decision to issue eurobonds to finance Ukraine. The proposal was put forward by the European Commission as an alternative to the “reparations mechanism” based on frozen Russian assets, Politico reports. During a meeting of EU ambassadors in Brussels on Friday, December 5, Budapest rejected the idea […]
Next
If there is a sector in which Ukraine is objectively comparable to the leaders of the world rankings, it is agriculture. According to the «Food» and «Agriculture Organization», Ukraine ranks third in the world by percentage of cropland against the total county’s area. And according to the «National Master»(global statistics portal), Ukraine occupies the 4th […]
Next
Naftogaz has signed a memorandum with the Israeli company Naphtha Petroleum on possible geological exploration of hydrocarbons on the Black Sea shelf. This was reported by the press service of Ukrgazvydobuvannya. It is noted that Naphtha Petroleum has proven experience with the necessary deepwater technologies and business relationships with leading operators in the development of […]
Next
In the last week of October, investors expect a lot of news, as more than one-third of the components of the S&P 500 index, or 186 companies, must report financial results for the third quarter. The information field is even richer given the election race in the United States, the situation with the pandemic and […]
Next
The Windscribe privacy tool, based in Canada, failed to encrypt corporate VPN servers recently confiscated by the Ukrainian authorities. The company provides services through the OpenVPN program. The Android app has over 5 million installs, indicating that the user base is probably much larger. “On June 24, 2021, our monitoring systems informed us that two […]
Next
Автомобільна корпорація Stellantis, що володіє брендами Peugeot, Opel, Chrysler, Citroën, FIAT та ін., побоюючись можливих санкцій, відмовилася від спільного виробництва машин Jeep у Китаї. Про це в інтерв’ю Bloomberg розповів головний виконавчий директор Карлос Таварес. Таварес зазначив, що останніми роками компанія стикалася з великою кількістю випадків політичного втручання у роботу бізнесу на китайському ринку. “Ми не хочемо […]
Next
The Chinese company POWERCHINA and the Ukrainian company WindFarm have signed a contract for the joint construction of a wind farm in the Donetsk region. This was reported by the press service of WindFarm. “The cost of the project is at least $ 1 billion, which makes it the largest wind energy project in Ukraine,” […]
Next
Elon Musk has secured the reinstatement of his 2018 compensation package as CEO of Tesla Inc. after the Delaware Supreme Court overturned a lower court’s decision the day before. The state’s highest court ruled that Musk is entitled to the stock-based compensation plan, which is now valued at nearly $140 billion. When Tesla’s board first […]
Next
One of the largest supermarkets in the USA – Whole Foods was in the midst of a large-scale scandal. As a result, a spot check of stores, which was produced by regulatory agencies in New York, was found mismatch on the price tags of products, a total of 80 items. For various purchases that were […]
Next
The National Commission, carrying out state regulation of the financial services market by its order №1467 agreed to increase participation by Allianz Holding eins GMBH (Austria) in ODO «Allianz Ukraine” (Kiev) to 99.999% by direct acquisition of 99.978% from its share capital. As reported, at the beginning of this year, the National Commission, carrying out […]
Next
